February 13, 2019 10:58
News ID: 4283

(Persia Digest) – Following unprecedented rises in the price of red meat in recent years, the Iranian government has taken measures such as importing livestock and reducing customs tariff to zero to adjust market prices.

To this end, 2000 heads of sheep have arrived in Iran in a first consignment. These will be slaughtered and the meat will be distributed on the market immediately at a set price. This trend will continue and fifty thousand livestock will enter the market to meet demand until meat prices are adjusted.

Iran’ Finance Minister had earlier announced that 21 million tons of red meat was being stockpiled in ports; this will also reach the market in the coming days.

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Based on figures published by the Statistical Center of Iran, the median price for a kilo of live mutton and lamb and a kilo of live cattle has risen 44.2 and 76.2 percent respectively as compared to last autumn.

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Market prices, however, show that the price of red meat has spiked from 35 thousand tomans in April 2018 to 100 thousand tomans in February of the current year, indicating a rise of over 300 percent for red meat in Iran.

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Experts believe that the smuggling of nearly one million heads of light and heavy weight livestock out of Iran over the first nine months of the Iranian calendar year since March 2018, the monopoly of import licenses for livestock and feed, the allocation of currency at the lower state exchange rates (than the free forex rates) for red meat imports, increases in economic rents, and corruption are among reasons for price rises in recent months.

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